PMDIX vs. PLTHX

Last updated Jun 24, 2026

PMDIX (Principal Small-MidCap Dividend Income Fund) and PLTHX (Principal LifeTime Hybrid 2060 Fund) are both mutual funds - PMDIX is a Mid Cap Value Equities fund managed by Principal, while PLTHX is a Target Retirement Date fund managed by Principal. Over the past 10 years, PMDIX returned 10.60%/yr vs 12.37%/yr for PLTHX. Their correlation of 0.86 suggests significant overlap in exposure. PMDIX charges 0.85%/yr vs 0.05%/yr for PLTHX.

Performance

PMDIX vs. PLTHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal Small-MidCap Dividend Income Fund (PMDIX) and Principal LifeTime Hybrid 2060 Fund (PLTHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PMDIX achieves a 17.23% return, which is significantly higher than PLTHX's 10.63% return. Over the past 10 years, PMDIX has underperformed PLTHX with an annualized return of 10.60%, while PLTHX has yielded a comparatively higher 12.37% annualized return.

PMDIX

• 1D: 0.62%
• 1M: 4.70%
• YTD: 17.23%
• 6M: 15.45%
• 1Y: 27.66%
• 3Y*: 18.69%
• 5Y*: 11.12%
• 10Y*: 10.60%

PLTHX

• 1D: -0.28%
• 1M: 1.56%
• YTD: 10.63%
• 6M: 9.95%
• 1Y: 25.90%
• 3Y*: 19.31%
• 5Y*: 10.35%
• 10Y*: 12.37%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PMDIX vs. PLTHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PMDIX Principal Small-MidCap Dividend Income Fund	17.23%	8.63%	14.56%	18.81%	-11.66%	30.41%	-6.40%	25.38%	-13.80%	13.30%
PLTHX Principal LifeTime Hybrid 2060 Fund	10.63%	19.91%	17.18%	20.28%	-18.52%	20.05%	16.11%	26.46%	-9.93%	21.32%

Correlation

The correlation between PMDIX and PLTHX is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014	0.86

The correlation between PMDIX and PLTHX shifts across timeframes, from 0.74 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PMDIX vs. PLTHX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PMDIX

PMDIX Risk / Return Rank: 53
PMDIX Sharpe Ratio Rank: 51
PMDIX Sortino Ratio Rank: 57
PMDIX Omega Ratio Rank: 46
PMDIX Calmar Ratio Rank: 56
PMDIX Martin Ratio Rank: 52

PLTHX

PLTHX Risk / Return Rank: 67
PLTHX Sharpe Ratio Rank: 63
PLTHX Sortino Ratio Rank: 58
PLTHX Omega Ratio Rank: 61
PLTHX Calmar Ratio Rank: 73
PLTHX Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PMDIX vs. PLTHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal Small-MidCap Dividend Income Fund (PMDIX) and Principal LifeTime Hybrid 2060 Fund (PLTHX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PMDIX	PLTHX	Difference
Sharpe ratio: Return per unit of total volatility	1.94	2.14	-0.20
Sortino ratio: Return per unit of downside risk	2.91	2.93	-0.03
Omega ratio: Gain probability vs. loss probability	1.34	1.39	-0.05
Calmar ratio: Return relative to maximum drawdown	2.76	3.15	-0.39
Martin ratio: Return relative to average drawdown	10.12	14.01	-3.89

PMDIX vs. PLTHX - Sharpe Ratio Comparison

The current PMDIX Sharpe Ratio is 1.94, which is comparable to the PLTHX Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of PMDIX and PLTHX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PMDIX vs. PLTHX - Drawdown Comparison

The maximum PMDIX drawdown since its inception was -46.47%, which is greater than PLTHX's maximum drawdown of -33.26%. Use the drawdown chart below to compare losses from any high point for PMDIX and PLTHX.

Drawdown Indicators

	PMDIX	PLTHX	Difference
Max Drawdown Largest peak-to-trough decline	-46.47%	-33.26%	-13.21%
Max Drawdown (1Y) Largest decline over 1 year	-10.55%	-8.60%	-1.95%
Max Drawdown (3Y) Largest decline over 3 years	-21.36%	-16.64%	-4.72%
Max Drawdown (5Y) Largest decline over 5 years	-21.36%	-25.49%	+4.13%
Max Drawdown (10Y) Largest decline over 10 years	-46.47%	-33.26%	-13.21%
Current Drawdown Current decline from peak	0.00%	-0.97%	+0.97%
Average Drawdown Average peak-to-trough decline	-5.28%	-4.79%	-0.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.87%	1.93%	+0.94%

Volatility

PMDIX vs. PLTHX - Volatility Comparison

The current volatility for Principal Small-MidCap Dividend Income Fund (PMDIX) is 4.32%, while Principal LifeTime Hybrid 2060 Fund (PLTHX) has a volatility of 5.05%. This indicates that PMDIX experiences smaller price fluctuations and is considered to be less risky than PLTHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PMDIX	PLTHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.32%	5.05%	-0.73%
Volatility (6M) Calculated over the trailing 6-month period	11.09%	10.44%	+0.65%
Volatility (1Y) Calculated over the trailing 1-year period	15.03%	12.70%	+2.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.78%	15.62%	+3.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.28%	16.02%	+4.26%

PMDIX vs. PLTHX - Expense Ratio Comparison

PMDIX has a 0.85% expense ratio, which is higher than PLTHX's 0.05% expense ratio.

Dividends

PMDIX vs. PLTHX - Dividend Comparison

PMDIX's dividend yield for the trailing twelve months is around 2.69%, less than PLTHX's 3.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PLTHX Principal LifeTime Hybrid 2060 Fund	3.95%	4.37%	4.30%	2.76%	7.91%	3.84%	2.91%	3.67%	3.47%	2.37%	2.20%	1.65%
PMDIX Principal Small-MidCap Dividend Income Fund	2.69%	3.14%	7.99%	2.37%	6.95%	0.98%	1.37%	2.82%	17.83%	5.77%	2.84%	4.78%

Frequently Asked Questions

Can I hold both PMDIX and PLTHX in my portfolio?

PMDIX and PLTHX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PMDIX or PLTHX?

PLTHX has higher volatility (5.05%) compared to PMDIX (4.32%). In terms of maximum drawdown, PMDIX dropped -46.47% vs PLTHX's -33.26%.

Which has better risk-adjusted returns?

PLTHX currently has the higher Sharpe Ratio (2.14 vs 1.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.